VANCOUVER, WA—Holliday Fenoglio Fowler, L.P.(HFF) has closed the $55 million sale of ThePointe, a 387-unit, garden-style multifamily property inVancouver.
HFF marketed the asset exclusively on behalf of an affiliate ofKennedy Wilson. Green Leaf CapitalPartners purchased the offering free and clear of existingdebt.
The Pointe is located at 3708 NE 109th Avenue just offInterstate 205, approximately 16 miles northeastof downtown Portland. The 94%-leasedproperty has 37 residential buildings with one-, two- andthree-bedroom units averaging 879 square feet each. Communityamenities include two swimming pools, indoor spa, fitness center,barbecue area, dog run and clubhouse.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
